Bitcoin ETFs Experience Significant Inflows Amid Market Volatility
- U.S. spot Bitcoin ETFs recorded $1.42 billion in weekly inflows, the highest since October.
- BlackRock accounted for over 71% of these inflows, totaling approximately $1.01 billion.
- The net asset value of Bitcoin ETFs now stands at $124.5 billion, with an asset ratio of 6.53%.
- Bitcoin’s price peaked at nearly $98,000 during the week, recovering from below $90,000 at the year’s start.
- Ethereum ETFs also saw significant inflows of $479 million, led by BlackRock’s fund.
Despite the positive momentum in Bitcoin ETFs, bearish sentiment is rising due to trade tensions between the U.S and EU. Additionally, Bitcoin futures open interest has increased by about 12%, indicating a potential recovery in market activity.
Overall, Bitcoin ETFs have shown strong performance with significant inflows and a current net asset value of $124.5 billion as market dynamics shift.(Source)
